Bloomberg News

Treasuries Drop; 30-Year Bond Snaps Biggest 3-Day Gain Since ’08

November 02, 2011

Nov. 2 (Bloomberg) -- U.S. 30-year bonds fell, snapping their biggest three-day rally since 2008.

The yield on 30-year Treasuries rose two basis points, or 0.02 percentage point, to 3.02 percent.

That followed a 46 basis points decline from Oct. 28 through yesterday, the biggest three-day slide since November 2008, according to data compiled by Bloomberg.

The yield on the 10-year note rose three basis points to 2.02 percent.

To contact the reporter on this story: Wes Goodman in Singapore at wgoodman@bloomberg.net

To contact the editor responsible for this story: Benjamin Purvis at bpurvis@bloomberg.net


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